Structural Regulation

Conduct, Culture & Accountability

CSRC Relaxes Rules for Appointing Securities and Fund Personnel

By Darien Choong | 22/02/2022

Passing a proficiency test is no longer a prerequisite qualification for personnel with certain work experience, and educational requirements have been scrapped.

Payments & Settlements

Nepal to Become First Country to Deploy India’s UPI

By Editors | 21/02/2022

Nepal’s UPI is expected to be deployed over the next few months, with all the functionalities and features presently available in India.

Structural Regulation

RBI to Consolidate Reg Reporting Requirements in Single View

By Editors | 21/02/2022

The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.

Structural Regulation

Philippine SEC Proposes Draft Rules For Umbrella Funds

By Sanday Chongo Kabange | 21/02/2022

Investment companies will be allowed to operate umbrella funds as long as they create at least two sub-funds, which segregated assets and liabilities.

Market Data & Technology

APRA Proposes to ‘Sharply’ Increase Superannuation Transparency

By Sanday Chongo Kabange | 21/02/2022

APRA plans to start publishing new aggregate industry, fund-level and product-level statistics on superannuation from June.

Payments & Settlements

Bank Indonesia Deepens Ties with BOK Under New MoU

By Editors | 20/02/2022

The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.

Trading & Investment

Singapore Has No Plans to Restrict Retail Investment in SPACs

By Darien Choong | 20/02/2022

Regulatory safeguards and educational efforts mounted by SGX should provide “adequate protection for retail investors and enable them to assess the risk-return trade-offs”.

Payments & Settlements

Indonesia Advances Local Currency Use in Cross-border Settlement

By Editors | 17/02/2022

Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.

Structural Regulation

HK SPAC Regime Threatened by Lack of D&O Insurance – Report

By Editors | 17/02/2022

Few insurers in Hong Kong provide liability insurance for directors and officers of SPACs. Those that do charge premiums up to five times higher than for traditional IPOs.